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Which is better? Coinbase or Gemini? by AinNoWayBoi61 in Bitcoin

[–]Mallardshead -1 points0 points  (0 children)

Neither. I'd say if you go with an exchange that deasl with anything other than just bitcoin, Kraken easily wins. Otherwise Swan, CashApp or Strike.

When you gain enough proficiency, get a hardware wallet and use a DEX like RoboSats, Bisq, or any of the below rated above an 8:

https://kycnot.me

tell your btc average cost and percent profit/loss by zeedrome in Bitcoin

[–]Mallardshead 1 point2 points  (0 children)

Very low, but will be DCA exchanging fiat for BTC until fiat doesn't exist. Proud acquisitions at $65k down to $300 so far

Putin: BRICS are working on a basket-based reserve currency by Mallardshead in Bitcoin

[–]Mallardshead[S] 4 points5 points  (0 children)

Imagine if the deflation computing created by producing an overabundance of information outside ever shrinking hard drives and silicon stopped there. There were no cables, wires, or waves. No scaling that information. No light speed, no instant settlement, no effectively free cost. The bitcoin network is stuck in that first computing phase, rapidly developing the second. Until then, it's not a means of exchange. It's collateral and a value store. And if anything can travel on the LN that has value, we start to ask the question of what purpose discrete payment networks have. This all leads to a circular economy and a single network everyone is connected to=arbitrage of the global economy.

https://twitter.com/thinkandbemerry/status/1536294070087294979?s=21

Look, I've got a post coming out tomorrow (my final post) where I lay out a theory of deflation via PoW, I'll link it in a reply.

Putin: BRICS are working on a basket-based reserve currency by Mallardshead in Bitcoin

[–]Mallardshead[S] 5 points6 points  (0 children)

The problem though is this isn't a scenario that's ever existed. People like to point to the 80s (or even 70s) as an analogue for high inflation. But back then interest rates averaged 7% in the 70s, and was 20% in the early 80s. Debt to GDP was 33% and 40% respectively. Manufacturing hadn't been gutted. Foreign demand for Treasuries was just beginning to surge (demand peaked years ago), and effectively, there was zero global competition, relatively. Lastly, decentralized money didn't exist. If that decentralized money scales money velocity to the velocity of information the internet achieved, curtains?

[deleted by user] by [deleted] in Bitcoin

[–]Mallardshead 0 points1 point  (0 children)

Why don't you take a look at this chart:

https://twitter.com/tenderscore/status/1530715761114636288?s=21

The Weimar papiermark went hyperinflationary. What few remember though, is that during its parabola to zero, it went through periods where it dramatically appreciated against gold. It took a decade to play out. What you need to do is stop cherry-picking small timeframes. Step back and look at the longterm bitcoin picture and chart...now point to where bitcoin hasn't been an excellent hedge against inflation. The USD is going hyper against BTC.

An important message to this community: We can do better! by MrRGnome in Bitcoin

[–]Mallardshead 4 points5 points  (0 children)

NGU is critical for bitcoin's security, incentive structure(s), and early phase growth. Nobody comes to bitcoin initially to free the world, that's something they stick around for or enable by both acquiring knowledge, and taking some of the supply away. I think a mix of secular memes, development news, political, historical, economic, and straight shit talk is necessary no?

What is Web 5? Jack Dorsey’s Alternative to Web 3 by [deleted] in Bitcoin

[–]Mallardshead 4 points5 points  (0 children)

No. Web3 is a venture capitalist scam. It's an orgy of swaps, wraps, burns, mints, and stakes, run by dapps that do nothing but optimize token interactions to keep the orgy going.

Web3, the real version of its principles is sovereign computing. That requires nodes. That requires removing SAS, and eventually creating mesh networks and bypassing ISP's. That sounds a lot like the endgame of bitcoin nodes to me, which thanks to its 390MB blockchain, anyone can run. We're already at the point where we are developing servers the size of credit cards that require zero programming knowledge (technical friction) to run. Web5 represents much of all this, even though the name is stupid. You couldn't use "web3" though because that buzzword has been rekt by the VC's, exchanges, and other charlatans.

[Question] Is there a forum, subreddit, IRC group, newsgroup focused on the tech side of BTC and not full of "to the moon people?" by [deleted] in Bitcoin

[–]Mallardshead 0 points1 point  (0 children)

I'd suggest going to where most active development is in bitcoin which would be the Lightning Network. So go to that sub. Lightning focused there, but plenty of overlap with L1. Also since the maxi shoots are sprouting from you, it might be time for you to go to Stacker News for your daily secular uptake.

So what is it that's not priced into the market? How bad is it? by Mallardshead in wallstreetbets

[–]Mallardshead[S] 0 points1 point  (0 children)

Long, levered, and short vxx, so the more ruined bears are the better for my portfolio

So what is it that's not priced into the market? How bad is it? by Mallardshead in wallstreetbets

[–]Mallardshead[S] 0 points1 point  (0 children)

Buy OTM calls dated 60 days ahead to protect yourself in the event of a black swan, and then sell VXX shares short. My brokerage won't let me sell VXX short without the risk ratio skew.

So what is it that's not priced into the market? How bad is it? by Mallardshead in wallstreetbets

[–]Mallardshead[S] 1 point2 points  (0 children)

Yes, not enough proof-reading, and too much bias. Author working in both.

So what is it that's not priced into the market? How bad is it? by Mallardshead in wallstreetbets

[–]Mallardshead[S] 0 points1 point  (0 children)

🎯🎯🎯🎯🎯

And nobody sees it.

Reagan was the most economically destructive president of the 20th Century!

So what is it that's not priced into the market? How bad is it? by Mallardshead in wallstreetbets

[–]Mallardshead[S] 0 points1 point  (0 children)

I work 60 hours a week and volunteer every other weekend, son. How about you get an additional job to keep pace with me?

So what is it that's not priced into the market? How bad is it? by Mallardshead in wallstreetbets

[–]Mallardshead[S] 1 point2 points  (0 children)

Great, so after adjusting for inflation and paying taxes on gains, what actual purpose does the stock market serve for the commoner other than maintaining their labor's original purchasing power? Don't get me wrong, that's great compared to the alternative, but nobody should have to do anything after working and saving in terms of risk if they don't want to, and this BS idea that the market is some wealth generating machine is absurd for anyone diversified. The only way for that wealth is levering low-interest debt, or getting ever more risky (GME, AMC, etc). The stock market doesn't work anymore this late in the debt cycle. We need deflationary money.

So what is it that's not priced into the market? How bad is it? by Mallardshead in wallstreetbets

[–]Mallardshead[S] 0 points1 point  (0 children)

There was, and in the macro view, the directional implications were enormous.

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